Acquisition is the way to survival as major new greenfields discoveries appear to have dried up, according to PCF Capital principal Liam Twigger.
Resolute Mining has commenced an upgrade of the Ravenswood gold mine in Queensland that has been designed to deliver a significant boost to the site’s processing capacity.
The Australian dollar gold price has moved above $2300 an ounce for the first time in history as fears surrounding the United States–China trade wars have again impacted global economic markets.
Stay on top of the most read articles on the Australian Mining website over the past week, including the discoveries of gold nuggets across Australia.
Resolute Mining has entered into a trading halt on the ASX ahead of an announcement relating to a proposed acquisition.
Resolute Mining will ramp up an expansion of the Ravenswood gold mine in Queensland after announcing a major upgrade in mineral resources and ore reserves for the site.
Global events continue to push the gold price in the United States and Australian dollar to record levels as the precious metal strengthens its position as a safe haven for investors.
Resolute Mining has been granted a further three mining lease applications by the Queensland Government over areas which support its Ravenswood gold project.
Stay on top of the most read articles on the Australian Mining website over the past week, including the approval of new mine development in Queensland.
Engineering group Sandvik has joined forces with Codelco to introduce state-of-the-art underground automation and digitalisation to the Chuquicamata mine in Chile.
Resolute Mining has ameliorated production loss in its Ravenswood operations in Queensland with a record quarterly output in its flagship Syama project in Africa.
Austmine is now the leading mining innovation conference in the world, according to chief executive officer Christine Gibbs Stewart.
Resolute Mining’s Ravenswood gold mine in Queensland has avoided damage from the the extreme weather affecting the state over the past few weeks.
Most mining companies have started on their digital journey, while others are still grappling with the idea.
Resolute Mining has begun the strategic review of Ravenswood operations’ expansion in Queensland, amid indecision of the gold mine’s future ownership.
Resolute Mining’s growth ambitions at its gold operations in West Africa and Australia remain on target.
Resolute Mining has extracted first ore from the Syama underground mine in Mali in West Africa on schedule, with the commissioning of fully autonomous fleet next on the its agenda.
Resolute Mining’s proposed expansion of the Ravenswood gold mine has had its prescribed project status increased by the Queensland Government to November 2020.
Sandvik has established its ‘3 Pillar Framework’ for automation, which provides efficient monitoring and accurate reporting of data, smart management systems and intelligent machines equipped with systems like AutoMine and OptiMine.
Gold miner Resolute Mining has established a $US100 million ($135 million) revolving loan facility with Investec Australia.